Economy

The Israel Land Authority allocated 51 heavily discounted plots in Mitzpe Ramon's Maof neighborhood primarily to IDF combat reservists. While land costs drop to 20,000 NIS, total construction expenses for oversized homes approach 3 million NIS.

Israel Shipyards secured an 80 million euro contract to supply naval vessels and services to an undisclosed foreign government client via the Ministry of Defense.

Investment fund CVC is acquiring a 40% stake in Petah Tikva-based defense tech company Fibrotex for $350 million, valuing its revenues at up to $150 million.

Shuk Herzl has acquired the Stopmarket chain for 680 million shekels, backed by 500 million shekels in financing from Bank Hapoalim, creating a 23-branch retail group.

Prime Energy signed an MOU to acquire 70 MW of operating solar assets in Hungary for 17.8 million euros in equity, targeting high project returns and future energy storage integration.

Tidhar Group announced a major corporate reorganization and widespread cuts aimed at saving 30 million shekels, despite posting record revenues of 892 million shekels in Q2.

Managers of an unlicensed employment agency supplying workers to Mei Eden secured conditional agreements to avoid criminal convictions, while a third was fined.

The Haifa Economic Corporation launched an RFI seeking investors and entrepreneurs for multi-million shekel projects in real estate, energy, infrastructure, and defense tech.

Carasso Motors faces a critical shareholder vote regarding external director Varda Triers, as institutional investors weigh accountability over controversial executive pay overrides.

Markets await US and Israeli September inflation data as the dollar trades above 3.06 shekels. Economists note falling inflation expectations alongside rising bond yields and political uncertainty.

Israel's Ministry of Finance has launched an internal committee to overhaul the national tax system ahead of the 2027 budget, targeting tax brackets, exemptions, and future revenue sources amid mounting fiscal pressures.

Paris Saint-Germain and L'Oréal Group announce a strategic partnership through 2028, uniting French excellence, elite sports performance, and Vichy skincare innovation.

The Q3 2026 earnings season for major U.S. banks begins this week, shedding light on high interest rates, consumer health, and credit risks.

Osem-Nestlé launches a bold limited-edition Bisli line featuring three unusual flavors: spicy churros, pickled cucumber inspired by TikTok, and parmesan polenta.

Amazon is in talks to acquire Israeli AI startup Decart for about $7 billion. Meanwhile, global markets react to a Russia-Ukraine energy ceasefire announced by U.S. President Donald Trump, sending oil prices lower.

Bank of Israel Governor Amir Yaron and top Israeli banking executives are attending the IMF annual conference in Bangkok to showcase the economy's resilience, navigate potential European banking sanctions, and address looming global inflation risks.

Manor Evergreen acquires peanut distributor Shivuk Botnim for 120 million shekels in a deal valuing the firm at a 5x EBITDA multiple, marking the fund's first food sector investment.

Investment house Horizon is set to merge with the public shell Blue Wave at a 40 million shekel valuation. Founder Itai Lipkovitz will retain a 20% stake as the firm eyes AI integration and further growth.

Global markets navigate geopolitical risks and oil price fluctuations as Wall Street kicks off earnings season, while Tel Aviv stocks face local coalition pressures.

Caesarea's upcoming Neighborhood 14 will introduce 735 new housing units, with apartments priced at 45,000-50,000 NIS per square meter, double the cost of neighboring Or Yam.

Japan Exchange Group slashes TOPIX index constituents from 1,700 to 1,000 under strict new liquidity rules, drawing praise from Julius Baer analysts.

The Haifa District Court ordered five apartment owners to demolish unauthorized balconies built without neighbor consent, reinforcing strict property laws.

Bridgewater founder Ray Dalio warned at the Forbes Global CEO Conference that the AI market resembles a classic bubble. He advised investors to hold gold, inflation-linked bonds, and limit Bitcoin exposure.

The Corporations Authority issued over 22,000 warning letters to unregistered partnerships in Israel, threatening tax audits and sanctions over severe tax collection losses.

Teva Pharmaceutical shares reached a ten-decade high following FDA approval for WELTRUZA. The milestone underscores the company's successful turnaround under CEO Richard Francis.

Tel Aviv's massive metro project faces severe delays due to a critical shortage of foreign workers, housing solutions, and logistics, threatening timelines running through 2042.

Elon Musk has become the first person in history to surpass a net worth of $1 trillion, exceeding 3.1% of US GDP and outpacing historical figures like Rockefeller.

Israel ranked 39th in the 2026 JLL Global Real Estate Transparency Index with a score of 2.71. While improving its absolute score, Israel remains in the medium-transparency tier as Gulf nations outpace its global ranking.

Silicon Valley billionaires' $1B project to build a new California city faces fierce local opposition, causing a $3B defense investment loss and highlighting regulatory hurdles.

National Insurance provides unemployment benefits up to 13,769 NIS per month based on age and previous salary. Learn the eligibility rules, payment tiers, and duration.

Mizrahi Tefahot Bank's chief strategist Yoni Fening outlines economic trends, linking high US bond yields to AI investments while noting a steady recovery in Israeli local activity and high-tech service exports.

Axiag Consultants filed for insolvency against Nasdaq-listed HUB Security over a $100,000 debt, while a court upheld share attachments, threatening an $8.7 million asset sale.

Elco plans to invest at least 95 million shekels in Electra Real Estate's upcoming rights offering to restore investor confidence amid falling share values.

Strauss Group's Elite brand launches MUST+, its first sugar-free chewing gum series enriched with vitamins B6, B12, and C, featuring cherry and citrus flavors.

Arba Onot, part of the IBI group, announced Sunday the appointment of Yossi Alfasi as CEO of its wealth management division to expand services for premium and high-net-worth clients.

Israel's economy increasingly relies on tech giant Nvidia, which has bolstered GDP, cut debt, and lowered the projected 2025 deficit to 4% despite wartime spending pressures.

Investment house Yelin Lapidot has acquired a stake in Dyoniss Alad for roughly 7.8 million NIS, joining major institutional shareholders amid ongoing residential projects and merger talks.

Walmart invests billions in warehouse automation to cut labor costs, yet faces technical hurdles, engineering expenses, and surging electricity bills.

A Ness Ziona resident found an insect baked into a Pizza Hut delivery and filed a health complaint, while the chain disputes the claim, citing high-temperature baking.

A record 1.23 million Israelis traveled abroad during the Tishrei holidays, boosting foreign retail and causing a 1.6% drop in local fashion sales amid strong currency and pent-up travel demand.